S&P 500 Index SPX The Trump Rollercoaster Ride in 2d - The post-Trump rally in the S&P has been a text-book affair, with 4 clear phases and speeds, like a car going through the gears. First gear is the lower parallel with a direct hit on the day after the election in November 2016. It rallies and then drops in gear/speed, the technical equivalent of...
Bitcoin BTCUSD Decisive Night Ahead Bitcoin is now approaching the last major dynamic resistance potential between here and the highs on both Bitfinex and Coinbase charts - though not on Bitstamp. We've seen it just under double so far, gaining 5250 points on Bitfinex from the 6000 low. It can go one of two ways from here: 20:13gmt/15:13est Update and Bull...
FTSE 100:UKX Critical Support and Key Day ahead for FTSE At the beginning of the year FTSE was forecast to hit the upper parallel and a maximumhigh at 7818 before coming off again. It duly hit the upper parallel spot on butthe high was a few days earlier than anticipated and the eventual high was reached at 7778, some 40 points shy of maximum likely...
Gold: XAUUSD This is interesting - it isn't a crypto - it's gold but it's making a familiar pattern with just 25 minutes to go to FOMC data release...it can go to the upper parallel and fail which mean dollar strength and it can can do what seems to be predicting...a bull flag with 2 strikes on the lower parallel = hot, still even at these levels - which in...
DXY Dollar Index Update The limit of DXY strength was meant to be 93.49 - it was actually 93.51. Close but no cigar. That should be it for the dollar rally now. It should start falling away down to 91.05 but will likely put up a fight at 92.74-92.50 range as it declines. Good for Gold from here - look to buy on weakness (next comment)
Brent Crude OIL UKOIL Trade Set-Ups for this Week Position: Flat - Just didn't trust this short after it bounced at 61.70 first target and then started to build a near term low at 61.33 so closed out the short for just over 100 pips after spreads, as per updates to last comment. Disappointed at the time to close out a trade that had stopped behaving according...
NEO /DOLLAR NEOUSD Excellent scalping opportunity approaching in Neo. It has never in its history created a green candle that has not been contested. That doesn't mean that it HAs to be contested, just that it's 90%. Hang a sell order out at 37 with a stop just over 40 to avoid getting hit. it will almost definitely come back to 32.55 at least and quite likely...
Nasdaq 100 Index NAS100 Nasdaq throws a lot of similar shapes to Bitcoin whose consolidation periods tend to last a few hours and no longer than 2 days maximum, but here the continuation patterns last a minimum of 2 days (last one) and more usually 8 days and up to a month. But the shapes are almost identical. Fast, sharp declines over 2 days, followed by an...
GBPUSD Neutral now awaiting next signal Price action over last 12 hours has seen Sterling break below the lower parallel, thereby breaking the staggered uptrend that's been in play since the turn of the year. It doesn't look good for GBP but the game isn't up quite yet... Right now this pair is neutral: Need to see a break below that support line at 1.3021 to...
GBPUSD: Sterling is holding up well as UK enters final week of elections. Whichever way it snaps from here will be worth trading.
Tesla: Still tracking the impulse wave so no reason to close longs yet. But it must bounce from 313.5 tomorrow to keep the uptrend in tact.
Downtrend Ahead ------------------------------------------------- Bitcoin trend analysis in a few years downward trend Investment risk is too high to buy Bitcoin price may be low If downward trend in next month Buy at this price point is very risky ---------------------------------------------------- i have a bad feel about bitcoin and worry about bitcoin price...
OANDA:USDJPY A long term vision ahead. Pre-US Elections VS Post-US Elections. Execution: About 3 Months. Pips: Pfff, don't even count. **Your criticism is welcome. Regards,
It is a very interesting and highly explosive situation now on WTI OIL market Price has been trending laterally since the start of September, causing volatility on quarterly basis to contract unusually tight (measured by 1.25 standard deviations from quarterly (66 day) mean) It means that when price eventually breaks from the 1st standard deviation, a move in...